7/16/2023 0 Comments Furnished findings![]() Production scrap means unusable material resulting from production, engineering, operations and maintenance, repair, and research and development contract activities. Precious metals means silver, gold, platinum, palladium, iridium, osmium, rhodium, and ruthenium. Nonseverable means property that cannot be removed after construction or installation without substantial loss of value or damage to the installed property or to the premises where installed. Material does not include equipment, special tooling, special test equipment or real property. Material means property that may be consumed or expended during the performance of a contract, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. (4) Destruction resulting from incidents that render the item useless for its intended purpose or beyond economical repair. (3) Damage resulting in unexpected harm to property requiring repair to restore the item to usable condition or (1) Items that cannot be found after a reasonable search Loss of Government property includes, but is not limited to. Loss of Government property does not include purposeful destructive testing, obsolescence, normal wear and tear or manufacturing defects. Loss of Government property means unintended, unforeseen or accidental loss, damage or destruction to Government property that reduces the Government’s expected economic benefits of the property. Government property does not include intellectual property and software. Government property includes material, equipment, special tooling, special test equipment, and real property. Government property includes both Government- furnished and Contractor-acquired property. Government property means all property owned or leased by the Government. Government-furnished property also includes contractor-acquired property if the contractor-acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract. ![]() Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification. Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract. Equipment does not include material, real property, special test equipment or special tooling. Equipment is not intended for sale, and does not ordinarily lose its identity or become a component part of another article when put into use. (3) A separate and complete major industrial operation.ĭemilitarization means rendering a product unusable for, and not restorable to, the purpose for which it was designed or is customarily used.ĭiscrepancies incident to shipment means any differences (e.g., count or condition) between the items documented to have been shipped and items actually received.Įquipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for the performance of a contract. (2) All or substantially all of the Contractor’s operation at any one plant or separate location or (1) All or substantially all of the Contractor’s business (3) Government-furnished property that exceeds the amounts needed to complete full performance under the entire contract.Ĭontractor’s managerial personnel means the Contractor’s directors, officers, managers, superintendents, or equivalent representativeswho have supervision or direction of. (2) Any property that the Government is obligated or has the option to take over under any type of contract, e.g., as a result either of any changes in the specifications or plans thereunder or of the termination of the contract (or subcontract thereunder), before completion of the work, for the convenience or at the option of the Government and (1) Any property acquired by and in the possession of a Contractor or subcontractor under a contract for which title is vested in the Government and which exceeds the amounts needed to complete full performance under the entire contract As prescribed in 45.107(a), insert the following clause:Ĭannibalizemeans to remove parts from Government property for use or for installation on other Government property.Ĭontractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.
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